Description

8 Condo-Titled Townhouse Units available for Sale in 2 two storey buildings. Fully leased, cash flowing opportunity. 7three-bedroom units and 1 two-bedroom unit, with the front building containing three units and the rear building containing five units. The main floor features a living room, kitchen and a 2-piece washroom. The second floor includes the bedrooms and a3-piece washroom. The basement is partially finished with a finished open space and a utility room. Units have been upgraded as tenants have turned over. Upgraded units are modern with neutral colours, and feature laminate flooring, and modern fixtures. The units include sliding patio doors from the kitchen space to outdoor greenspace. 15 parking spaces are located at the Property. Each unit includes a washer, dryer, fridge, oven, and dishwasher that are all owned by the Landlord. Water Heaters are rented through Reliance with the tenants being responsible for the rental cost. The units feature central air conditioning, natural gas furnaces, and 100 amp electrical service. Garbage removal is handled by the City of London. The properties have been well maintained and the roof was replaced in 2009.The Property is located in fringe core location at South Street and Wellington Street, just north of the Thames River. 288 South Street offers access to required residential amenities, including Downtown London's restaurants, shopping, and services. Recreational opportunities are available at nearby parks and along Thames Valley Parkway, London's paved, multi-use pathway system that follows along the Thames River and connects to associated parks. Some units currently leased with below market rents, providing for potential upside.